Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Segment Disclosures

v3.23.2
Note 17 - Segment Disclosures
 6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

17.         Segment Disclosures

 

The Company has two reportable segments: EksoHealth and EksoWorks. The EksoHealth segment designs, engineers, manufactures, and markets exoskeletons for applications in the medical markets. The EksoWorks segment designs, engineers, manufactures, and markets exoskeleton devices to allow able-bodied users to perform difficult repetitive work for extended periods. The reportable segments are each managed separately because they serve distinct markets.

 

The Company evaluates performance and allocates resources based on segment gross profit margin. The Company does not consider operating expenses or net assets as segment measures and, accordingly, are not allocated.

 

Segment reporting information is as follows:

 

   

EksoHealth

    

EksoWorks

    

Total

  

Three months ended June 30, 2023

                        

Revenue

   $ 4,688     $ 15     $ 4,703  

Cost of revenue

     2,421       28       2,449  

Gross profit

   $ 2,267     $ (13 )   $ 2,254  
                         

Three months ended June 30, 2022

                        

Revenue

   $ 3,228     $ 237     $ 3,465  

Cost of revenue

     1,631       193       1,824  

Gross profit

   $ 1,597     $ 44     $ 1,641  

 

 

   

EksoHealth

    

EksoWorks

    

Total

  

Six months ended June 30, 2023

                        

Revenue

   $ 8,684     $ 141     $ 8,825  

Cost of revenue

     4,372       199       4,571  

Gross profit

   $ 4,312     $ (58 )   $ 4,254  
                         

Six months ended June 30, 2022

                        

Revenue

   $ 5,109     $ 923     $ 6,032  

Cost of revenue

     2,646       536       3,182  

Gross profit

   $ 2,463     $ 387     $ 2,850  

 

The Company operates in the following regions: (1) Americas, (2) Europe, the Middle East, and Africa (EMEA), and (3) Asia Pacific (APAC). Individual countries with revenue greater than 10% of total revenue for the three and six months ended June 30, 2023 and 2022 are disclosed separately from the regional totals. Geographic information for revenue based on location of customers is as follows:

 

   

Three Months Ended June 30,

    

Six Months Ended June 30,

  
   

2023

    

2022

    

2023

    

2022

  

Americas

                                

United States

   $ 3,684     $ 2,070     $ 6,642     $ 3,413  

Other

     6       121       10       176  

Americas revenue

     3,690       2,191       6,652       3,589  
                                 

EMEA

                                

Romania

     475       —       475       —  

Poland

     284       393       511       568  

Other

     104       393       632       783  

EMEA revenue

     863       786       1,618       1,351  
                                 

APAC

                                

Hong Kong

     118       442       297       485  

Other

     32       46       258       607  

APAC revenue

     150       488       555       1,092  
                                 

Total Revenue

   $ 4,703     $ 3,465     $ 8,825     $ 6,032